15. Towards the Repurchase of Land by the State and the Abolition of Taxes

This chapter explores the fascinating blend of liberalism and socialism in the works of Léon Walras, a 19th-century economist. It traces the evolution of his ideas, from his early declaration of 'scientific socialism' to his later synthesis of liberalism and socialism, which he termed 'synthetism'. The chapter delves into Walras's vision for the repurchase of land by the state and the abolition of taxes, arguing that this would lead to a more equitable distribution of wealth and a more just society. It also examines the critiques of Walras's ideas, including those from Charles Gide and Vilfredo Pareto. The chapter concludes with a discussion of the relevance of Walras's ideas today, suggesting that they offer a valuable perspective on the ongoing debate about the role of the state in the economy.